Singapore’s Straits Times Index dropped 2.3 percent to 2,789.35 at the close. Six stocks fell for each that rose in the index of 30 companies.
The following shares were among the most active in the market. Stock symbols are in parentheses after the company names.
Commodity suppliers: The Thomson Reuters/Jefferies CRB Index, which tracks prices of 19 commodities ranging from copper to corn, fell 1 percent in New York yesterday, extending losses for a second day.
Noble Group Ltd. (NOBL SP), a Hong Kong-based commodities supplier, sank 4.8 percent to S$1.48. Olam International Ltd. (OLAM SP), a Singapore-based trader of agricultural commodities, decreased 3.1 percent to S$2.47.
CapitaMall Trust (CT SP), Singapore’s biggest retail property trust, tumbled 4.5 percent to S$1.79 after a discounted stock sale. The company raised S$250 million ($197 million) by selling shares at S$1.79 each in a placement.
CHT Holdings Ltd. (CHT SP), a supplier of adhesive tape, surged 90 percent to 17.1 Singapore cents. CHT said YongLe Tape Ltd. offered to buy the company out for 18 Singapore cents per share.
Neptune Orient Lines Ltd. (NOL SP), Southeast Asia’s biggest container carrier, dropped 5.3 percent to S$1.08. The company posted a third-straight quarterly loss because of falling freight rates and higher fuel costs. The shipping line said it expects to post a full year loss.